Moscow, Russia - 31 May 2017 - Metalloinvest ("the Company"), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today publishes its IFRS interim management statement for the first quarter ended 31 March 2017.
 

FINANCIAL HIGHLIGHTS

- Revenue USD 1,520mn (+85.1% compared to Q1 2016)

- EBITDA USD 527 mn (2.9 times increase y-o-y)

- EBITDA margin 34.7% vs. 22.4% in Q1 2016

- Net Income USD 391 mn (2.2 times increase y-o-y)

- Net Debt USD 3,434 mn (+8.6% compared to 31 December 2016)

- Net Debt / EBITDA LTM 2.1x vs. 2.5x as of 31 December 2016

- Capital Expenditure USD 62 mn (-32.6% y-o-y)

- Total Assets USD 6,815 mn (+9.9% compared to 31 December 2016)
 

KEY CORPORATE HIGHLIGHTS

- Long-term steel billets supply contract signed with OMK

- Testing and adjustment of equipment conducted at HBI-3 Plant at LGOK

- Credit rating outlook upgraded to Stable by Standard & Poor's, 'BB' long-term corporate credit rating affirmed




Full press release is available at http://www.metalloinvest.com/en/investors/financial-results/

 
 
 

_{Metalloinvest is a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel. The Company has the world's second-largest measured iron ore reserve base and is one of the lowest-cost iron ore producers.
Metalloinvest is wholly owned by USM Holdings. Alisher Usmanov is the major beneficiary of USM Holdings (49%), with other major beneficiaries being the companies of Vladimir Skoch (30%) and Farhad Moshiri (10%).}